Flight Centre Travel Group Invests in FCM France & Switzerland

Media Releases 16 May 2017
Great news for our team in FCM France & Switzerland!
 
Flight Centre Travel Group (FCTG), one of the world’s largest travel companies, has today announced an agreement to invest in a 25% share of business travel and technology agency, 3mundi, which has operations in France, Switzerland and Spain. The investment is expected to be formally completed in July 2017.
 
In 2015, 3mundi became the licensee partner in France and Switzerland for FCTG’s flagship global corporate travel division, FCM Travel Solutions, and has traded under the FCM brand since 2016. 
 
3mundi was established in 2006 by Jordy Staelen and Simon Renaud as a progressive agency combining high-performing technology and human talent to optimise business travel services. 3mundi has grown rapidly achieving annual growth per annum of 37.8 percent between 2012 and 2016, and currently ranks 624th in the FT 1000 fastest-growing companies in Europe.  The company employs 115 staff at its offices in Paris, Geneva and Barcelona and received the HappyAtWork label in 2017.
 
Since becoming FCM’s partner in France, 3mundi has won significant new clients including PriceWaterhouseCoopers, international engineering specialist Fives Group and most recently CNRS (French National Centre for Scientific Research). The latter has an annual business travel spend of €35M. 
In addition to its corporate travel businesses in France and Switzerland, 3mundi operates a business travel lab in Barcelona, which is successfully developing proprietary technology and tools for the travel industry. 
 
“FCM and 3mundi have enjoyed an excellent partnership since 2015 and we are delighted to be forging an even stronger bond with our partner in France and Switzerland by way of this investment,” said Steve Norris, Corporate Managing Director - EMEA, Flight Centre Travel Group. “France and Switzerland are important corporate travel hubs for our existing customers and for new multi-national accounts that we are targeting globally. This investment will strengthen FCM’s presence in these markets as well as support our strategy of delivering progressive new technology to our clients.”  
 
Jordy Staelen, Managing Director, 3mundi comments: “We are looking forward to an even closer cooperation with FCM and Flight Centre Travel Group. This investment is very good news for our customers and employees. It gives us the opportunity to expand and benefit from FCM’s global strength, products, services and technology.”
 
For more information, please read our media release.